Chemours Co (NYSE: CC) CAO has 2,426 shares withheld to cover tax on RSU vesting
Rhea-AI Filing Summary
Chemours Co Chief Accounting Officer David Will reported a Form 4 transaction involving 2,426 shares of common stock on August 12, 2026. These shares were automatically withheld to satisfy tax obligations upon vesting of restricted stock units and related dividend equivalent units, at a value of $15.24 per share. The filing specifies that no shares were sold in the open market. Following this tax-withholding disposition, Will’s holdings, including directly owned shares, restricted stock units, and dividend equivalent units, total 30,868.097 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,426 shares
Net Sell
1 txn
Insider
Will David
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 2,426 | $15.24 | $37K |
Holdings After Transaction:
Common Stock — 30,868.097 shares (Direct)
Footnotes (2)
- F1. Shares automatically withheld to satisfy tax obligations on vesting restricted stock units and dividend equivalent units. Transactions are exempt from Section 16(b) pursuant to Rule 16b-3. No shares were sold.
- F2. Includes directly owned shares, restricted stock units and dividend equivalent units.
Key Figures
Shares withheld for tax: 2,426 shares
Per-share value for withholding: $15.24 per share
Post-transaction holdings: 30,868.097 shares
3 metrics
Shares withheld for tax
2,426 shares
Common stock automatically withheld on August 12, 2026 to satisfy tax obligations
Per-share value for withholding
$15.24 per share
Value used for 2,426 shares withheld to cover tax on vesting awards
Post-transaction holdings
30,868.097 shares
Total direct holdings including shares, restricted stock units and dividend equivalent units after transaction
Key Terms
restricted stock units, dividend equivalent units, Section 16(b), Rule 16b-3
4 terms
restricted stock units financial
"Shares automatically withheld to satisfy tax obligations on vesting restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"on vesting restricted stock units and dividend equivalent units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Section 16(b) regulatory
"Transactions are exempt from Section 16(b) pursuant to Rule 16b-3"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"Transactions are exempt from Section 16(b) pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What did Chemours Co (CC) Chief Accounting Officer David Will report on this Form 4?
David Will reported that 2,426 Chemours Co shares were automatically withheld on August 12, 2026 to cover tax obligations arising from vesting restricted stock units and dividend equivalent units, rather than being sold in the open market.
Was this Chemours Co (CC) Form 4 transaction under a Rule 10b5-1 trading plan?
No. The document-level checkbox indicates no Rule 10b5-1 plan for this filing. The transaction instead reflects automatic tax withholding on equity award vesting, and is exempt from Section 16(b) under Rule 16b-3.
Why are the Chemours Co (CC) transactions described as exempt from Section 16(b)?
The footnote explains the withholding transactions are exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3, because they arose from automatic share withholding to satisfy tax obligations tied to equity award vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
